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The world bank expressed strong support for Argentina on Friday. In a few days, President Mark Lee will announce new economic measures to quell the market panic that triggered a 30% fall in the currency.
"The World Bank has expressed strong support for Argentina in the current context of market turmoil," a World Bank spokesman said.
The spokesman said the World Bank planned to provide the country with a previously announced commitment of $1.75 billion over the next 12 months. The spokesman added that the World Bank Council would also consider a plan within weeks to strengthen and expand support for children.